sothye

OPENSYS - possible limited upside inside descending triangle

Long
MYX:OPENSYS   OPENSYS (M) BHD
We observed the stock has formed a descending triangle structure. Next target probably limited upside (max potential +20% @ 0.640) before making a pullback and drop below support of the structure.

R 0.565, 0.610, 0.640
S 0.505, 0.480

This will be invalid if continues to break support @ 0.505, which break the triangle structure.

Speed: Fast with 169M shares float (38% of 446M shares)
Sentimen: Bullish tech, probably due to its solar online marketplace venture ?

TAYOR

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